A rational decision maker must choose between two alternatives. Alternative 1 has a higher EMV than Alternative 2, but the decision maker chooses Alternative 2. What might explain why this occurs?
A) Alternative 2 may have a higher expected utility.
B) Alternative 1 may have a lower expected opportunity loss.
C) The probabilities are not known.
D) A rational decision maker could not possibly choose alternative 2.
E) None of the above
A
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Micah pays $220 annually for a $50,000 life insurance policy. The premium is due June 1, however it is not paid until June 24. If Micah died on June 15, what would the amount of the death benefit?
A) 49220 B) 50000 C) 49780 D) 0"
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In the European Union, to terminate a relationship of two years, a notice of two months is required
Indicate whether the statement is true or false
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